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She and producing partner Ben Spector are working with Leverage creator John Rogers to develop the new Magnum idea.

In the series finale of the crime drama, Magnum gets custody of his young daughter by ex-wife Michelle following her death.

Hunky heartthrob: Selleck- with his famous mustache - found worldwide fame thanks to the popular series that ran from 1980 to 1988 on the CBS network

Moving behind the camera: Actress Longoria is developing the reboot with her producing partner Ben Spector, pictured together in LA in 2013

The idea for the reboot is that Lily Magnum is now all grown up and returns to Hawaii to take up leadership of her father's private investigator firm.

Deadline reports that the basic plot will be as follows: 'She and her tribe of friends mix tropical beaches with the seedy underbelly of international crime and modern espionage, even as she tries to unravel the mystery of the blown spy operation that ended her career in Navy Intelligence.'

Longoria and Spector recently executive produced the NBC comedy series Telenovela, in which Longoria also starred. That show was canceled after one season.

Housewife no more: Longoria has sold the idea to ABC, the network for which she starred in the long-running primetime soap Desperate Housewives that aired from 2004 to 2012